-The Indian Express A balanced approach can reduce petrol price without affecting revenues. RBI mustn’t artificially shore up rupee The Brent crude oil price has changed from around $68/barrel in January to $70/barrel on November 9, touching a high of $86 on October 3. The rupee has also fallen from Rs 63.30 per US$ in January to Rs 70 on November 9. These fluctuations have created major policy problems for the...
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With due respect, Finance Minister -Arun Kumar
-The Indian Express There has been only a marginal increase in the direct tax to GDP ratio after demonetisation. And the economy didn’t need to suffer for digitisation. The government did not celebrate the second anniversary of demonetisation, one of its biggest policy initiatives. It has celebrated the anniversary of all other big policies. Why the diffidence? The finance minister did come out with a statement listing the achievements of demonetisation. But his...
More »Madhya Pradesh assembly elections: Neta wives have heavier money bags -Amarjeet Singh
-The Times of India BHOPAL: When it comes to purse power, it’s wives of Madhya Pradesh’s heavyweight politicians who tip the scales. Affidavits filed before Election Commission show that wives of more than half of the prominent leaders, from either side of political divide, earn more than their husbands. This includes chief minister Shivraj Singh Chouhan, whose wife Sadhna Singh has an annual income of Rs 37 lakh — nearly twice as...
More »Green tax helped Delhi collect hundreds of crores for buses. So where are they? -Priyamvada Grover
-ThePrint.in The Arvind Kejriwal govt is believed to have collected around Rs 1,800 cr till September 2018, but Delhi is yet to get new buses. New Delhi: The winter months are back with the suffocating blanket of smog that has now become a Delhi fixture, but crucial steps that can help check the capital’s notorious pollution problem continue to hang fire. A fund running into hundreds of crores of rupees is reportedly lying...
More »Who pays taxes and who doesn't -Ram Singh
-The HinduThe number of tax returns filed has gone up but collections have not shown a commensurate increaseThe Central Board of Direct Taxes has released the latest data on income tax collections. Several interesting facts emerge from the data. The number of taxpayers has increased drastically over the last four years. The number of tax returns filed has surged to 6.85 crore in FY 2017-18, an 80% growth since FY...
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